Advertisement
News
Advertisement

Altair Engineering Found to have Misappropriated MSC Adams Trade Secrets

Mon, 04/14/2014 - 2:11pm
MSC Software Corporation

MSC Software is a software companies that specializes in helping product manufacturers to advance their engineering methods with simulation software and services.NEWPORT BEACH, CA — MSC Software Corporation, a company that specializes in helping product manufacturers to advance their engineering methods with simulation software and services, announced on April 14, 2014, that a jury in the United States District Court for the Eastern District of Michigan found that Altair Engineering willfully and maliciously took MSC Software trade secrets to use in its MotionSolve  product. The jury awarded MSC Software $26.1M for misappropriation of trade secrets and breach of confidentiality agreements by Altair and two former MSC employees who currently hold executive positions at Altair.

The jury also found that two former MSC Software employees breached non-solicitation restrictions contained in agreements they had with MSC and that Altair tortiously interfered with the MSC non-solicitation restrictions with these individuals, and awarded MSC an additional $425,000.

“The jury has spoken,” stated Dominic Gallello, President & CEO of MSC Software. “We welcome vigorous competition in the market. Every company has a right to innovate, but no company should be allowed to misappropriate a competitor’s intellectual property. We continue to make significant investments in the Adams technology to serve our customers and maintain our market leading position.”

About MSC Software

MSC Software is a software companies that specializes in helping product manufacturers to advance their engineering methods with simulation software and services. As a partner, MSC Software helps companies improve quality, save time and reduce costs associated with design and test of manufactured products. Academic institutions, researchers and students employ MSC’s technology to expand individual knowledge as well as expand the horizon of simulation. MSC Software employs 1,100 professionals in 20 countries.

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading